1. Except as otherwise provided in NRS 645F.296, any person authorized to engage in activities as a residential mortgage loan originator on behalf of a privately insured institution or organization licensed under this title shall obtain and maintain a license as a mortgage loan originator.
2. As used in subsection 1:
(a) “Mortgage loan originator” has the meaning ascribed to in NRS 645B.0125; and
(b) “Residential mortgage loan originator” has the meaning ascribed to it in NRS 645B.01325.
(Added to NRS by 2009, 2693; A 2011, 3643; 2017, 3103; R 2019, 1424, effective on the date of the adoption of a Memorandum of Understanding between the Division of Financial Institutions and the National Credit Union Administration for registration of mortgage loan originators under federal SAFE Act)
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